$1,999,000 - 347 Queen Street, Hamilton
Multi-Family for Sale in Hamilton
- MLS Number
- X13009548
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 16
- Bedrooms
- 10
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Hamilton
- Lot Size
- 10,635 sqft
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
An extraordinary opportunity to own one of Hamilton's most iconic residences. Known as the "Queen St Castle," this circa 1881 Victorian masterpiece commands a prominent corner in the prestigious Durand neighbourhood, at the base of the escarpment. With its signature turret and timeless architectural detail, this historically significant home is recognized among the city's most admired properties. Rich in character and carefully preserved, the home offers remarkable flexibility. Currently grandfathered as a legal non-conforming triplex in 2014, it presents a rare chance to create a truly exceptional single-family estate, maintain a strong income-producing property, or live in one unit while generating revenue from the others. Inside, original charm blends with scale and potential-featuring soaring ceilings, intricate period details, and six fireplaces, including a wood-burning fireplace on the main level. Each space reflects the craftsmanship and elegance of a bygone era, ready to be elevated further. Outside, the property continues to impress with a fully fenced yard offering privacy and space to entertain, along with a rare triple-car covered carport and an additional driveway off Aberdeen for parking for up to seven vehicles. Set in one of Hamilton's most sought-after neighbourhoods, you are just steps to Locke Street's boutiques and dining, and within walking distance to Augusta, James, and Hess Village. Nature meets city living with immediate access to the escarpment and Bruce Trail, while nearby hospitals, McMaster University, Mohawk College, and GO stations ensure unmatched convenience. Recent updates include a new boiler (2026), carport roof (2023), chimney cap (2024), soffit and fascia (2020 & 2024), one flat roof (2025) a new porch (steps and railings, and interior paint (2024). A rare offering of architectural significance, income potential, and lifestyle that must be seen to be fully appreciated!
Estimate your monthly payments for this property
Estimated Payment
$8,842.25/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
347 Queen Street, Hamilton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $400/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 10 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.